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Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...
The Silk Road Investigation: A ‘Pattern of Bad Behavior and Double Agents’
23.10.2019
Kathryn Haun, a general partner at U.S. venture capital firm Andreessen Horowitz, has revealed in recent interviews how she helped take down the Silk Road when she was working for the Attorney General’s office. According to her accounts, the U.S. government agency also asked her to help...
Zuckerberg: Facebook Will Not Launch Libra Without US Approval
22.10.2019
Mark Zuckerberg plans to assure Congress that Libra will not launch until all U.S. regulators' concerns are addressed
Germany Warns of Privacy Token Usage in Money Laundering and Terrorism
22.10.2019
German Finance Ministry urges oversight over the development of privacy tokens to prevent illicit usage
Is It Possible for Bitcoin to Replace Government-backed Fiat Currencies?
22.10.2019
We are currently witnessing an age of unusual things and revolutions, where people talk to computers and software more than they do with humans, where skyscrapers are becoming more common than green patches, and where fights against government suppression have reached new heights. In such times...
UK Gov’t: FCA Will Make Final Decision on Banning Crypto Derivatives
22.10.2019
The U.K. government has stressed that is up to the “operationally independent” financial regulator, not the executive, to decide on a proposed crypto derivatives ban
Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted
22.10.2019
“The financial services industry is spending $20 billion a year on AML and KYC. So I would ask you: is it even working? I don’t think it’s working”
Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’
22.10.2019
Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative...
Major Korean Banks Join Government-Backed Blockchain ID Initiative
21.10.2019
Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data
McAfee Envisions DEX in a World Where Crypto Won’t Be Traded for Fiat
21.10.2019
In a recent video posted to Twitter. John McAfee states: “Imagine a world…where fiat currency is diminishing in importance.” Instead of pointing to the adoption of crypto by big money interests, the rogue politician and radical bitcoin proponent talks of a complete flip, where...
Report: Facebook Could Use Fiat-Pegged Stablecoins for Libra
20.10.2019
Calibra CEO David Marcus reportedly said that Libra would be open to using national fiat-pegged stablecoins at a banking seminar on Sunday
Crypto News From the Spanish-Speaking World: Oct. 13–19 in Review
20.10.2019
This week’s selected cryptocurrency and blockchain news from Spain and Latin America, courtesy of Cointelegraph en Español
How to Trade Crypto in Person Safely
20.10.2019
With mainstream exchanges becoming progressively cumbersome due to privacy invasive policy and regulation, some crypto traders are switching to more private, face-to-face trading. While this route isn’t for everyone, and comes with unique risks, it does offer a very real solution to many...
Telegram Writes Investors to Counter FUD Before Feb. SEC Hearings
19.10.2019
In letter to investors, Telegram calls February hearings “a positive step” in process of determining that Gram tokens are not securities
Alipay Denounces Bitcoin OTC Trading: Regulatory ‘Gray Area’ in China
19.10.2019
Despite the 2017 crypto trading ban, high-volume Bitcoin exchange is still possible in China via OTC desks run by major exchange platforms
NY District Court Postpones Telegram’s TON Hearing to 2020
19.10.2019
New York District Court postpones Telegram’s TON hearing to 2020
German Minister Doubles Down on Statements Against Facebook’s Libra
18.10.2019
German Federal Minister of Finance Olaf Scholz has again stated that policymakers should prevent the issuance of Facebook’s Libra stablecoin
Bermuda Premier: Cryptocurrency a Great Equalizer Against Big Tech
18.10.2019
The Premier of Bermuda has characterized fintech innovation as a national strategic imperative
Cointelegraph Blocked in Russia
18.10.2019
Roskomnadzor extends internet blacklist to Cointelegraph, with Russian readers reporting access blocked
Bitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto
17.10.2019
Miami based bitcoin ATM maker Bitstop has recently installed Miami International Airport’s first crypto ATM, according to a press release issued October 15. The installation adds to the 106 machines the company has already placed across the U.S. Further, it raises important questions about...